SEA Approved by Ministry of Culture

19 May 2014

Minoan Group Plc

(the "Group")

SEA Approved by Ministry of Culture

Minoan Group is delighted to announce that the Greek Ministry of Culture has approved the Strategic Environmental Assessment for the Group's project in Crete, following the unanimous positive opinion of the Central Archaeological Council of Greece.

This is a significant part of the process of obtaining the Presidential Decree.Christopher Egleton, Chairman of Minoan, commented:

"We are delighted to have received the unanimous support of the Council, which reinforces our confidence in the successful conclusion of the process for the issuance of the Presidential Decree

For further information visit www.minoangroup.com or contact: